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December Corn closed up 4-cents at 3.77 3/4.

December corn closed higher on Monday as it extends the rally off September's low. The high-range close sets the stage for a steady to higher opening when Tuesday's night sessions begins trading. Stochastics and the RSI neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends the rally off September's low, the 50% retracement level of the May-September-decline crossing at 3.85 3/4 is the next upside target. Closes below the 20-day moving average crossing at 3.62 1/2 would confirm that a short-term top has been posted. First resistance is today's high crossing at 3.78 1/2. Second resistance is the 50% retracement level of the May-September-decline crossing at 3.85 3/4. First support is last-Thursday's low crossing at 3.60 1/4. Second support is reaction low crossing at 3.54 1/2.

December wheat closed up 7 1/4-cents at 5.24 1/2.

December wheat closed higher on Monday. The high-range close sets the stage for a steady to higher opening when Tuesday's night session begins trading. Stochastics and the RSI have turned neutral to bullish signaling that sideways to higher prices are possible near-term. If December resumes the rally off September's low, the 50-day moving average crossing at 5.32 3/4 is the next upside target. If December resumes the decline off September's high, September's low crossing at 4.95 1/4 is the next downside target. First resistance is the 50-day moving average crossing at 5.32 3/4. Second resistance is the reaction high crossing at 5.49 1/2. First support is the reaction low crossing at 5.05 1/4. Second support is September's low crossing at 4.95 1/4.

December Kansas City Wheat closed up 7 1/2-cents at 5.31 3/4.

December Kansas City wheat closed higher on Monday. The high-range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If December resumes the rally off September's low, the 50-day moving average crossing at 5.39 3/4 is the next upside target. If December renews the decline off September's high, September's low crossing at 4.98 3/4 is the next downside target. First resistance is the reaction high crossing at 5.35 3/4. Second resistance is the 50-day moving average crossing at 5.39 3/4. First support is October's low crossing at 5.06 1/2. Second support is September's low crossing at 4.98 3/4.

December Minneapolis wheat closed up 4 1/2-cents at 6.00 1/2.

December Minneapolis wheat closed higher on Monday as it extends the rally off September's low. The high-range close sets the stage for a steady to higher opening when Tuesday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If December extend the aforementioned rally, the 62% retracement level of the May-July-decline crossing at 6.15 is the next upside target. Closes below the reaction low crossing at 5.72 would confirm that a short-term top has been posted. First resistance is the 50% retracement level of the May-July-decline crossing at 6.01. Second resistance is the the 62% retracement level of the May-July-decline crossing at 6.15. First support is the reaction low crossing at 5.72. Second support is September's low crossing at 5.60 1/4.

SOYBEAN COMPLEX? 

November soybeans closed up 24-cents at 8.91 1/2.

November soybeans closed sharply higher on Monday as it renewed the rally off September's low. A record-breaking September soybean crush and a bullish round of export data underpinned today's rally to start the week. Additional support came from concerns about harvest delays across large portions of the Midwest. The high-range close sets the stage for a steady to higher opening when Tuesday's night session begins trading. Stochastics and the RSI have turned neutral to bullish signaling that sideways to higher prices are possible near-term. If November extends the rally off September's low, the 38% retracement level of the May-September-decline crossing at 907 is the next upside target. Closes below the 20-day moving average crossing at 8.54 1/2 would confirm that a short-term top has been posted. First resistance is the 38% retracement level of the May-September-decline crossing at 907. Second resistance is the 50% retracement level of the May-September-decline crossing at 9.36 1/4. First support is the 20-day moving average crossing at 8.54 1/2. Second support is September's low crossing at 8.12 1/4.

December soybean meal closed up $10.00 at 326.90.

December soybean meal closed sharply higher on Monday following the release of September's bullish soybean meal crush report. The high-range close sets the stage for a steady to higher opening when Tuesday's night session begins trading. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends the rally off September's low, the 38% retracement level of the May-September-decline crossing at 336.20 is the next downside target. Closes below the 20-day moving average crossing at 313.60 would confirm that a short-term top has been posted. First resistance is today's high crossing at 327.30. Second resistance is the 38% retracement level of the May-September-decline crossing at 336.20. First support is the 20-day moving average crossing at 313.60. Second support is September's low crossing at 301.60.

December soybean oil closed up 39 pts. at 29.78.

December soybean oil closed higher on Monday. The high-range close sets the stage for a steady to higher opening when Tuesday's night session begins trading. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. If December resumes the rally off September's low, the 38% retracement level of the 2017-2018 decline crossing at 30.53 is the next upside target. Closes below the 50-day moving average crossing at 28.67 would confirm that a short-term top has been posted. First resistance is the reaction high crossing at 30.01. Second resistance is the the 38% retracement level of the 2017-2018 decline crossing at 30.53. First support is the 50-day moving average crossing at 28.67. Second support is September's low crossing at 27.13.

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